WageWorks Parking Commuter Benefits

D ATA S H E E T
WageWorks Parking Commuter Benefits
Painless Parking for Your Employees
WageWorks® Parking Commuter Benefits are a great way to help your employees
save money and time when parking is a part of their commute to work.
Once enrolled in WageWorks Parking Commuter Benefits, your employees can pay
for parking using pre-tax dollars. Funds are moved to a parking account before
taxes are deducted. While parking costs remain the same, your employees end up
saving money because of the pre-tax deduction.
WageWorks Parking Commuter Benefits can also save your company money. By
transferring dollars from employees’ pay to a pre-tax account, you can reduce your
payroll taxes for every person in the program.
The more employees participate in the WageWorks Parking Commuter Benefits
program, the more your company saves. When your employees see how easy it is
to use—and how easy it is to save—they’ll talk about it with their coworkers, driving
up enrollment.
Let WageWorks do the driving. WageWorks Parking Commuter Benefits are a little
something extra that can help your company attract and retain valued employees.
With WageWorks Parking Commuter Benefits, your employees can pay for parking using pre-tax dollars.
This program helps your employees save money and time when parking is a part of their commute
to work.
Key Benefits
• More parking coverage
and choices to drive up
enrollment
• Variety of easy-to-use
payment options to drive
up participation
• Full integration and
compliance capabilities
to streamline benefits
administration
Key Features and Benefits
Easy-to-Use Payment Options
WageWorks makes it quick and easy for your employees to pay and be reimbursed
for parking as part of their daily commute. We handle all the behind-the-scenes
payment processing, saving valuable time for you and your employees every
month. Employees can choose from a variety of easy-to-use payment options:
• WageWorks Commuter Card. Employees can use this card where they pay
for transit and parking. They decide how much money to load onto their card
each month to cover their monthly commuting costs. It’s a great option for
commuters who only park occasionally or who park at different lots.
• Pay My Parking. Employees can fill out a simple online form and pay parking
providers directly. This is a great option for commuters who have a monthly
lease at a garage.
• Pay Me Back. Employees can be reimbursed directly—either by direct deposit
or check.
More Parking Coverage and Choices
With a wide variety of parking options available, WageWorks Parking Commuter
Benefits increase the chances that more employees will enroll and continue
to participate in the program. WageWorks offers national coverage of 350
metropolitan areas in all 50 states. With more enrolled employees, you have more
engaged employees, which is a positive factor in employee retention.
WageWorks Parking Commuter Benefits provide choices, too. Our parking catalog
includes more than 3,000 from which to choose. There’s an option that enables
subsidies at the corporate, regional, and employee level. There’s even a waiting
list feature for locations where demand exceeds parking space availability.
Help your employees make meetings on time—the parking wait list can help in
tight situations.
Full Integration and Compliance Capabilities
WageWorks Parking Commuter Benefits are fully integrated with your company’s
human resources portal. This integration helps streamline benefits administration
and management. The program is also compliant with all IRS Regulations, so your
benefits teams spend less time on administrative tasks, like parking pass and
voucher distribution.
Learn More
Talk to an expert. Your
WageWorks sales
representative can provide
you with more information.
Or visit www.wageworks.com.
About WageWorks
WageWorks (NYSE: WAGE)
is a leading provider of
Consumer-Directed Benefits
(CDBs) in the United States.
WageWorks administers
and operates a broad array
of CDBs, including pre-tax
spending accounts, such as
healthcare and dependent
care Flexible Spending
Accounts (FSAs), as well as
Commuter Benefit Services,
including transit and
parking programs, Health
Savings Accounts (HSAs),
Health Reimbursement
Arrangements (HRAs), and
other employee benefits.
Corporate Headquarters: 1100 Park Place, 4th Floor, San Mateo, CA 94403
888.990.5099 | www.wageworks.com | www.linkedin.com/company/wageworks
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©2014 WageWorks, Inc. All rights reserved. | 3018-02/2014
The term “savings” herein refers only to tax savings and actual savings are dependent on individual tax rates. No part of this document constitutes tax, financial, or legal advice.